XLMedia (GB:XLM) has released an update.
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XLMedia PLC has reported its unaudited interim results for the first half of 2024, showing a strategic shift with the sale of its European and Canadian assets for up to $42.5 million, focusing on growth in the North American market. The company, which operates in the digital sports media space, has seen revenue from continuing business reach $10.4 million and continues to explore opportunities to enhance shareholder value, including a planned return of capital to shareholders in Q4 2024. Despite a slower NFL season start in September, revenues have been tracking ahead of the previous year, and the company remains in line with market expectations for adjusted EBITDA.
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